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charles: on that note, we are talking about the fiscal cliff. earlier today, president obama brought the debt ceiling debate, or would be debate into the picture. it feels like a lot of the work that you do -- people say okay, we spent 100 grand on this or maybe watching the shrimp on a treadmill. it's not a big deal. >> is a big deal because the way you eliminate a trillion dollar deficit is a billion dollars at a time. the wavy you get a billion dollars is 100 million or $10 million at a time. so what is our excuse? can we say that it is okay to waste money and hundreds of thousands of small areas that add up to trillions of dollars? or do we have to look at big areas? what i would put forward is congress isn't doing their job and how they write it and oversight it. i still pick up any of my feet on the ground because the penny is were 3.5 cents. anyone in america who is struggling today, we don't have the luxury of ignoring stupidity and waste anymore. charles: i have less than a minute. i have to squeeze this in here. you think we could be a
charles: on that note, we are talking about the fiscal cliff. earlier today, president obama brought the debt ceiling debate, or would be debate into the picture. it feels like a lot of the work that you do -- people say okay, we spent 100 grand on this or maybe watching the shrimp on a treadmill. it's not a big deal. >> is a big deal because the way you eliminate a trillion dollar deficit is a billion dollars at a time. the wavy you get a billion dollars is 100 million or $10 million at...
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Nov 13, 2012
11/12
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retailers helped fuel a modest rally early on but fiscal cliff and european debt crisis fears ultimately ate away at the gains. those problems haven't gone away. that is big shocker. dow closed down 58 points. >>> head of microsoft's windows software unit suddenly announced he was leaving the company. this is just two weeks after the launch of windows 8. >>> on the flip side home depot shares climbed 4%. the company beat third quarter estimates and raised its full-year guidance pointing to improvement in the housing sector. >>> the top story do night, will the republicans cave over the fight to the fiscal cliff? we have 48 days left before falling off. we're just careening over the edge of that cliff. we'll pay a huge economic price for it and now, believe it or not, some republicans are calling for increased revenue, even higher taxes. they are all code words, including one of mitt romney's former testimony advisors. to find out why texas republican congressman louie gohmert. thanks for joining us tonight. >> glad to be with you. melissa: what do you think is the answer to this problem?
retailers helped fuel a modest rally early on but fiscal cliff and european debt crisis fears ultimately ate away at the gains. those problems haven't gone away. that is big shocker. dow closed down 58 points. >>> head of microsoft's windows software unit suddenly announced he was leaving the company. this is just two weeks after the launch of windows 8. >>> on the flip side home depot shares climbed 4%. the company beat third quarter estimates and raised its full-year...
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Dec 13, 2012
12/12
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cliff. doing that puts jobs in our country in danger. jeopardizes a golden opportunity to make 2013 the year that we enact fundamental tax reform and entitlement reform to begin to solve our country's debt problem and, frankly, revenue problem. as you can see from this chart, real revenue growth is critically important as long as real cuts in spending if we're going to solve our long term fiscal problem. as i said five weeks ago, the election wasn't a mandate to raise taxes on small businesses. it was a mandate for both parties to work together to take on the big challenges that our country is facing. republicans are ready and eager to do just that. we made a reasonable offer. it's now up to the white house to show us how they'll cut spending and give us the balanced agreement that the president has talked about for week. if the president will step up and show us he's willing to make the spending cuts that are needed, i think we can do some real good in the days ahead. if not, he wants to ke
cliff. doing that puts jobs in our country in danger. jeopardizes a golden opportunity to make 2013 the year that we enact fundamental tax reform and entitlement reform to begin to solve our country's debt problem and, frankly, revenue problem. as you can see from this chart, real revenue growth is critically important as long as real cuts in spending if we're going to solve our long term fiscal problem. as i said five weeks ago, the election wasn't a mandate to raise taxes on small businesses....
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Nov 19, 2012
11/12
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cliff debt crisis. right now the dow on pace for its best gain in more than two months. check out the cbo volatility index, moving lower by 6% right now. again, what we were talking about before, michelle, with gene, even as the market was going lower, there was no fear in the market and it continues to move lower. fear indicator at a multimonth low right now. >>> active investing, is it dying? having a mutual fund or hedge fund manager who actively picks stocks instead of just investing in a fund, like the s&p, like a spdr. >> there's ron who says the rumors of the demise of active manager are greatly exaggerated. we welcome you both and we hope you play nicely. >> i suspect we will. >> what is contributing to the death of the active manager? >> it's nothing new and nothing new that passive is outperforming. the big thing has been over the past two years, it's been an absolute slaughter. i think it comes down to three factors. the first two are nothing really new 37. number one is risk aversion, a lot
cliff debt crisis. right now the dow on pace for its best gain in more than two months. check out the cbo volatility index, moving lower by 6% right now. again, what we were talking about before, michelle, with gene, even as the market was going lower, there was no fear in the market and it continues to move lower. fear indicator at a multimonth low right now. >>> active investing, is it dying? having a mutual fund or hedge fund manager who actively picks stocks instead of just...
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but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i thk that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and increase spending and they can't bare to raise taxes and reduce spending and that's where we'll end up in three months and have a vote to lower taxes and increase spending. >> jonas what does it do in the short-term, i know you're talking long-term. but short. >> they're scaring erybody about this, like we've got to keep pushinon or the world is going tond and it's not as bad a the politicians are pretending it is even. look, it's not a good thing, but psyched into a level and it will be worse than the real effect of having the tax increase on the government level and that's the danger, using it as a tool to
but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i thk that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and...
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Dec 14, 2012
12/12
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KRON
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the reality of the fiscal cliff as that there was the debt ceiling in february. but psychologically, with a europe, not getting a deal done is setting people into a panic. the to not want to see that. i think that it could see people concerned. that however, is unfortunate why they are not making that much of a concern. >> and plaine john boehner also being difficult. >> it also feel free to follow michael yaki on twitter. ji >>jacqueline: we did see some calle temperature but firs, some coal /+ temperature t we did se. some cold temperatures we will see some temperatures that are in the low 80s. and that wi you50s. as we see that it is going to be and the low 50s-- >>jacqueline: as we see we are going to see a few degrees warmer. mostly clear. some cloud coverage going towards a north and at that point we are going to see some 30's and 40's. i would keep the umbrella cand i would keep the un prelo hand your umbrella keep it handy. temperatures will be in the 30's in the south bay. the same in san mateo, the inland valleys with 35, concord, livermore, a 47 degree
the reality of the fiscal cliff as that there was the debt ceiling in february. but psychologically, with a europe, not getting a deal done is setting people into a panic. the to not want to see that. i think that it could see people concerned. that however, is unfortunate why they are not making that much of a concern. >> and plaine john boehner also being difficult. >> it also feel free to follow michael yaki on twitter. ji >>jacqueline: we did see some calle temperature but...
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a economy goes over the fiscal cliff. economists surveyed said one and a half million americans could lose their jobs if lawmakers fail to come to an agreement and the automatic spending cut impact increases. forces are keeping an eye on some debts for a budget bill. the nasdaq gained due to a rebound by apple. the number was triggered by reports that it would lose shares to its rival google. apple is trying to regain market share from samsung. the to tech companies are back in court today to get it out over a $1 billion patent fight. meantime nationwide insurance is warning customers that its computers networked had been attacked. customers' names birth dates social skirted numbers and driver's license numbers were likely stolen. nationwide is apologizing and are offering customers an identity that protection for one year. start planning did vacations, walt disney new fantasyland is officially open. this is after what may be the biggest expansion in the orlando parts 41 year history. the estimated $300 million magic king
a economy goes over the fiscal cliff. economists surveyed said one and a half million americans could lose their jobs if lawmakers fail to come to an agreement and the automatic spending cut impact increases. forces are keeping an eye on some debts for a budget bill. the nasdaq gained due to a rebound by apple. the number was triggered by reports that it would lose shares to its rival google. apple is trying to regain market share from samsung. the to tech companies are back in court today to...
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Dec 10, 2012
12/12
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. >> when the two sides are beyond the fiscal cliff deadline they have to raise the debt ceiling which can be used as leverage. >>shepard: doctors had given up on saving a little girl with leukemia and now she is alive and her cancer is in complete remission. how did they do it? there is an experimental therapy that saved her. and they tell us it could revolutionize cancer treatment. it has to do with one virus called hiv. >>shepard: doctors say cancer already killed a since-year-old girl until they triad very different kind of treatment. they gave her a disabled form of h.i.v., the virus that causes aids and now the girl has been cancer free for seven months. researchers say this could fundamentally change the way we treat the crippling cancer of leukemia. a doctor who helped develop this treatment is director of blood and transplant at a center in philadelphia. h.i.v....what does this do? >>guest: if you think about it, one of the ways that h.i.v. works is by getting into cells, into immune cells. it is good at getting any cells but the virus makes them sick and kills the immune cell
. >> when the two sides are beyond the fiscal cliff deadline they have to raise the debt ceiling which can be used as leverage. >>shepard: doctors had given up on saving a little girl with leukemia and now she is alive and her cancer is in complete remission. how did they do it? there is an experimental therapy that saved her. and they tell us it could revolutionize cancer treatment. it has to do with one virus called hiv. >>shepard: doctors say cancer already killed a...
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Dec 14, 2012
12/12
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. >>> there is the "fiscal cliff" stalemate, the debt ceiling fight, the susan rice battle. let's be honest. it's hard to have faith in washington. >> but take heart. it could be worse. yup. take a look at democracy in action. ukraine style. we'll spare you the details but as the fight broke out it was over the election of parliament officials. maybe you're thinking they had a bad day? take a look at what happened yesterday! [ screaming ] >> yes, two brawls in two days. and it gets better. world heavyweight boxing champion vitale klitschko heads one of the political parties involved in the mess. that was him in the purple tie. he heads the punch party. we can not make that up. fortunately for his opponent klitschko just chose to stand by and look on. he didn't join in the brawl. so what was going on outside parliament during all of this? okay. that's another political party frustrated with the developments. they chose to saw through protective fencing that surrounds the building. this was some kind of political statement about parliamentary procedure. so as you watch the "fi
. >>> there is the "fiscal cliff" stalemate, the debt ceiling fight, the susan rice battle. let's be honest. it's hard to have faith in washington. >> but take heart. it could be worse. yup. take a look at democracy in action. ukraine style. we'll spare you the details but as the fight broke out it was over the election of parliament officials. maybe you're thinking they had a bad day? take a look at what happened yesterday! [ screaming ] >> yes, two brawls in two...
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Dec 6, 2012
12/12
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and avoid the fiscal cliff. that's coming up in just a little bit. >>> we also can't leave seattle without taking note of another huge milestone in washington state. voters legalized same-sex marriage last month too so today here's the picture. midnight on the dot clerks handed out marriage licenses and those were the first two in line. they met on a blind date back in 1977 and they never thought that they would live to legally wed amongst all of these other people who showed up for their legal licenses in seattle. by the way, the ceremony of those elderly ladies like many others will take place this sunday. ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-speed transmission and rotary shifter in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil®
and avoid the fiscal cliff. that's coming up in just a little bit. >>> we also can't leave seattle without taking note of another huge milestone in washington state. voters legalized same-sex marriage last month too so today here's the picture. midnight on the dot clerks handed out marriage licenses and those were the first two in line. they met on a blind date back in 1977 and they never thought that they would live to legally wed amongst all of these other people who showed up for...
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Dec 5, 2012
12/12
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all you guys on washington pat each other on the back and say we didn't go off the fiscal cliff and the debt goes from $16 trillion to $20 trillion a couple years down the road to $25 trillion. nothing changes in washington, dc. you tax. you still spend. maybe it is time to take the medicine congressman and go over the fiscal cliff and fix the problem. >>guest: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up and we will have to do things in john. taxes will go up and the democratic party and hopefully some responsible republicans will vote to make certain that we remove this tax cut that would take place. >>eric: no talk about responsible democrats to stop spending so were, or cut back the spending, not just cutting back the increase rate in spending but item spending cuts. >>guest: the rate of increase doesn't have anything to do with the spain people are suffering whether they are middle class or poor. we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up
all you guys on washington pat each other on the back and say we didn't go off the fiscal cliff and the debt goes from $16 trillion to $20 trillion a couple years down the road to $25 trillion. nothing changes in washington, dc. you tax. you still spend. maybe it is time to take the medicine congressman and go over the fiscal cliff and fix the problem. >>guest: there is no fiscal cliff. there is a fiscal slope. the earth doesn't stop spinning, the sun will come up, the moon will come up...
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Nov 12, 2012
11/12
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what we saw the last time we had the fiscal cliff about a year and a quarter ago. we had that feeling fro, to be repeating a few months when that was negotiated we raised the debt ceiling, the gold price responded with a 30% rise and we think we will see that again. david: i hope you're right, they come together, but why if you are right we have about 30% more move to the upside with gold, why has it been down the last couple of days? it was a slow trading day, but down a couple of dollars. >> that is right, it went down a little bit, seems to be trading rapidly on events from the european crisis and now people are waiting for the open market banking committee. they would seize assets purchase, that could have been negative on gold but the big picture is still positive on hard assets for gold. inflation rate well ahead of interest rates, target rate 025 basis points underlining the sound investment in hard assets such as gold and the equities have underperformed the gold mining equities were very bullish on those because the prices have gone up making the disconnec
what we saw the last time we had the fiscal cliff about a year and a quarter ago. we had that feeling fro, to be repeating a few months when that was negotiated we raised the debt ceiling, the gold price responded with a 30% rise and we think we will see that again. david: i hope you're right, they come together, but why if you are right we have about 30% more move to the upside with gold, why has it been down the last couple of days? it was a slow trading day, but down a couple of dollars....
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Dec 6, 2012
12/12
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WBAL
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by giving in to some democratic fiscal cliff demands now. >> that is a bad strategy for america and for businesses and it is not a game i will play. >> house leader say if the president does not agree with their plan, he should come back to the table. >> sit down with us and be serious about spending. >> if they continue to play politics, that will give you an answer about where we're going. >> they are planning for the worst, asking agencies to be ready for big cuts. >> this is acting responsibly because of the potential for this to happen. >> house members start a long weekend today. speaker boehner said he will be around to talk to the president. gop leaders will not adjourn for the holidays until some kind of fiscal cliff strategy is found. >> this negotiation is going so poorly. what happens if we go over the fiscal cliff? >> there is a little bit of much.rowiggle room, but not the loss will be in place but in practice it will not have too much of an effect. it could have an effect on the stock-market if we do go over the fiscal cliff. >> barbara mikulski and ben cardin had the
by giving in to some democratic fiscal cliff demands now. >> that is a bad strategy for america and for businesses and it is not a game i will play. >> house leader say if the president does not agree with their plan, he should come back to the table. >> sit down with us and be serious about spending. >> if they continue to play politics, that will give you an answer about where we're going. >> they are planning for the worst, asking agencies to be ready for big...
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Nov 13, 2012
11/12
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they want a fiscal cliff deal. if you don't get it, i think it's got to be a real deal, then we will be downgraded, not just continuing under negative watch as they say, we will be downgraded. we will lose our aaa rating which we have at the moment according to moody's. they won't let us punt. they won't let us kick the can. you just can't keep things as nice the middle of 2013. no, there has got to be a solid deal and that deal must include the reduction of debt at some point in the future. martha: this administration was the first to preside over a downgrade of u.s. debt. we hope this isn't something we're going to get used to and see the same thing come from moody's. but as you point out, stuart, what they're looking for is a serious plan to cut spending. >> yes. martha: that is not something we've heard, the administration would say yes, we have put out there trillions of dollars of spending cuts and they couldn't get them passed. where are we in terms of all that in terms of cuts. >> it can't be a promise of c
they want a fiscal cliff deal. if you don't get it, i think it's got to be a real deal, then we will be downgraded, not just continuing under negative watch as they say, we will be downgraded. we will lose our aaa rating which we have at the moment according to moody's. they won't let us punt. they won't let us kick the can. you just can't keep things as nice the middle of 2013. no, there has got to be a solid deal and that deal must include the reduction of debt at some point in the future....
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Dec 21, 2012
12/12
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and we could repeat this whole fiscal cliff scenario and what is interesting we know we are on warning for a debt downgrade. we have to be careful of the type of deal we make. the holidays are about optimism and hope but this year the holidays are about anxiety and concern. i'm not sure if even captain neil cavuto can save us at this point. crazy. of course he can. you went off the rails. >>neil: that guarantees you are not coming back. >>neil: i look at this and i wonder, melissa, facing the brink or faced with certain financial death they cannot get off their behind. i am looking at big issues they promise to bring forward next year, it will not happen. >>guest: i trust them to do nothing. can you imagine if we ran our households like this, or we went to work like this you leave all of your work undone and you go home for the holiday, sorry, i didn't finish my show or my work but i will head out because it is almost christmas. can you imagine if you spent $2 for every dollar you brought in? it is crazy. crazy. >>neil: only in washington. only in washington. thank you all. melissa wil
and we could repeat this whole fiscal cliff scenario and what is interesting we know we are on warning for a debt downgrade. we have to be careful of the type of deal we make. the holidays are about optimism and hope but this year the holidays are about anxiety and concern. i'm not sure if even captain neil cavuto can save us at this point. crazy. of course he can. you went off the rails. >>neil: that guarantees you are not coming back. >>neil: i look at this and i wonder, melissa,...
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while the congress and president obama mince words over national debt and fiscal cliff the occupy movement is putting its money where its mouth is buying up consumer debt and then immediately forgiving it and they're asking the public to help we'll tell you all about tonight's rolling jubilee telethon. and other tensions in the middle east weren't high enough aggression between israel and gaza just started boiling over this conflict has the potential to send the entire region into a tailspin we will bring you the very latest on the struggle and also the international cations. and unlike the days where the press and the public waited for days for pictures of wars to come out social media has revolutionized the way the world gets information even governments are getting in on the instant updates welcome to the new age of. the afternoon it's thursday november fifteenth five pm in washington d.c. i'm christine and you're watching our t.v. . well all week we've been telling you about the rolling jubilee that initiative organized by members of occupy wall street to raise money and put it towards
while the congress and president obama mince words over national debt and fiscal cliff the occupy movement is putting its money where its mouth is buying up consumer debt and then immediately forgiving it and they're asking the public to help we'll tell you all about tonight's rolling jubilee telethon. and other tensions in the middle east weren't high enough aggression between israel and gaza just started boiling over this conflict has the potential to send the entire region into a tailspin we...
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Nov 30, 2012
11/12
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CNBC
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i think this is the first of many fiscal cliffs to come, if you will, much like debt ceilings of the 1980s. i think most investors have already done what they need to do for the fiscal cliff. it is called diversification. beyond that, i think they should focus more on what's going to be left after the cliff -- >> where can you hide? where can you diversify away from the fiscal cliff in minibonds? that's boring! >> well, i think you're sufficiently diversified. everyone should own a little bit of everything, stocks, bonds, commodities, overseas markets as well as domestic and real estate. and that's good enough. but i think if you do much more than that in anticipation of this, i think you're going to do yourself a disservice. i think it is better to focus on what we're going to return to very quickly after the end of this month or maybe a couple weeks into january and that's the fundamentals on the ground. they to me are looking better and better. >> you're a rich, successful guy. you're probably the mayor of minneapolis de facto. right? you got gold bars stashed in your garage out b
i think this is the first of many fiscal cliffs to come, if you will, much like debt ceilings of the 1980s. i think most investors have already done what they need to do for the fiscal cliff. it is called diversification. beyond that, i think they should focus more on what's going to be left after the cliff -- >> where can you hide? where can you diversify away from the fiscal cliff in minibonds? that's boring! >> well, i think you're sufficiently diversified. everyone should own a...
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if you look at federal spending, look at the debt forecast in the fiscal cliff, two different ways for the economy, we can go into another recession, spending goes down or the other forecast is we had that higher and things are fixed. where is your take? >> the crucial thing about without a recession is we won't do it real deficit reduction if we are recession. get to the spring save land and then there will have to be a big budget deal and we know what they look like. republicans have said we are not raising taxes unless you fix in thailand and democrats have said we are not touching entitlements into you raise taxes. now is the moment. the president said both sides have to give some and there has to be principled compromise to take a forward. cheryl: do you think in some way the president will take on some of the ideas that were put out by mitt romney during the election? >> if he wants to be successful he has to bend. he likes to blame republicans in the house but that is a look durrell politics. it is time to develop a legacy. what will be accomplished in a second term? needs repub
if you look at federal spending, look at the debt forecast in the fiscal cliff, two different ways for the economy, we can go into another recession, spending goes down or the other forecast is we had that higher and things are fixed. where is your take? >> the crucial thing about without a recession is we won't do it real deficit reduction if we are recession. get to the spring save land and then there will have to be a big budget deal and we know what they look like. republicans have...
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Nov 15, 2012
11/12
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CNBC
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the european debt crisis, fiscal cliff, they're all negative for the oil price. >> the worst case fear is that iran could get involved. is that something the investor needs to take care of? >> i don't think the investor can build that into his expectation so that is clearly a risk. so they have to watch it and expect the oil price to be up in the very short term but the investor should basically look for the oil price to be lower if they are looking forward six months or 12 months ahead because you're looking at a slowing global economy and push downward on commodity prices or energy included. >> david, what's going to happen in the next six weeks of the year? >> well, i think people are going to be very worried about this fiscal cliff issue. i think the problems in the middle east obviously are concerning but i think the critical issue there is iran rather than israel and hamas. but people will be focused on this fiscal cliff issue. we need to have a compromise. we need a fiscal ladder to gradually bring the deficit down say one percentage point gdp a year. until they get that comprom
the european debt crisis, fiscal cliff, they're all negative for the oil price. >> the worst case fear is that iran could get involved. is that something the investor needs to take care of? >> i don't think the investor can build that into his expectation so that is clearly a risk. so they have to watch it and expect the oil price to be up in the very short term but the investor should basically look for the oil price to be lower if they are looking forward six months or 12 months...
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Nov 16, 2012
11/12
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FBC
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they end up putting some type of band-aid on this fiscal cliff and letting this go into 2013. that is pro will likely scenario neil: part of the argument for letting the fiscal cliff happen is short-term pain, long-term gain. and whenever they hit on the economy which would be severe longer-term you do clean up your balance sheets. you do get a lot of revenue altman the coming into the government. there is a strategy. how serious you think democrats like patty murray and others are when they hinted that? >> well, when you talk about senator patty murray, she suggests that. if we get a better deal by going off a cliff, at least r the first two months, that is something we should look at doing if we don't get our preferred strategy and tax rates. beginning to see that with democrats as well. the president has not explicitly said that. is the president's willing to actually do that. we have a lot of negotiing at of us. we have this section at the white house where the four top congressional leaders will meet. it don't really expect anything to come out of that. neil: the speaker,
they end up putting some type of band-aid on this fiscal cliff and letting this go into 2013. that is pro will likely scenario neil: part of the argument for letting the fiscal cliff happen is short-term pain, long-term gain. and whenever they hit on the economy which would be severe longer-term you do clean up your balance sheets. you do get a lot of revenue altman the coming into the government. there is a strategy. how serious you think democrats like patty murray and others are when they...
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Dec 6, 2012
12/12
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we have been talking about the fiscal cliff now for months. we had a budget melt down a year and a half ago when the debt ceiling debate came. we talked about many times the uncertainty that faces manufacturers. you can't make investment decisions on long-term capital expenses for that will be paid off over years if you don't know what the government is going to be taken from you from taxes or higher energy costs. manufacturers are really trying to figure out what is next? what is on the horizon. they need certainty and they need positive certainty that whatever happens on the fiscal cliff is not going to impact them in a very negative way. >> what if it is a bad deal though? we talked about one disproportionately skewed in higher taxes. sometimes i think and i could be out to lunch on this that a bad deal would be worse than a no deal. >> see, i tend to agree with you. when you talk about certainty there is also as you just pointed out bad certainty. you don't want to have that. and when some folks in washington are talking about raising indi
we have been talking about the fiscal cliff now for months. we had a budget melt down a year and a half ago when the debt ceiling debate came. we talked about many times the uncertainty that faces manufacturers. you can't make investment decisions on long-term capital expenses for that will be paid off over years if you don't know what the government is going to be taken from you from taxes or higher energy costs. manufacturers are really trying to figure out what is next? what is on the...
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all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax the rich. house speaker john maynard taking a much softer line. is he hinting compromise on tax money to washington? listen to this. >> there's an alternative to going over the fiscal cliff. in whole or in part. involves making real changes to the financial structure of entitlement reform and reforming our tax could occur bit special-interest loopholes and deductions. imus: got that? organized labor's joining the conversation. tax now, cut later. richard trumka says don't worry about the deficit. >> we strongly believe we should make sure the wealthy start paying their fair share of taxes. they believe we sh
all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax the rich. house speaker john maynard...
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72
Dec 6, 2012
12/12
by
CNBC
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even if we get through this fiscal cliff thing, you know, the first quarter of next year we're probably going to hit the debt ceiling again. you know what they're going to do there. they're going to find another solution and probably run some more money up. well, you're watering things down. there's really -- in my estimation, there's only one way for gold to go. that's up. i don't think we're in a bubble. wro who knows. >> todd hoffman, in i'm ever in portland, i'll buy you a voodoo donut together and we can bicycle around portland. >> let's do it. hand in hand. >> there you go. take care, buddy. thanks for joining us. short break. we're back after this. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making
even if we get through this fiscal cliff thing, you know, the first quarter of next year we're probably going to hit the debt ceiling again. you know what they're going to do there. they're going to find another solution and probably run some more money up. well, you're watering things down. there's really -- in my estimation, there's only one way for gold to go. that's up. i don't think we're in a bubble. wro who knows. >> todd hoffman, in i'm ever in portland, i'll buy you a voodoo...
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218
Nov 1, 2012
11/12
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KQEH
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but economists expect negotiations over raising the debt ceiling, will get tied up in the fiscal cliff debate, which is expected to take center stage in w hington, after next inek's election.el >> to tomorrow on "n.b.r." its the nation's financial capital, wrolook at the challenges and cost of getting new york city moving again.lo >> susie: all of this is happening on hallowee. that's nightly business report for wednesday, october 31, halloween, have a good and safe evening everyone. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow nieet.w captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbcom. there, you'll find full episodes of the program, complete show transcripts and all the market stats. ws us on our facebook page at bizrpt. and on twitter @bizrpt. f
but economists expect negotiations over raising the debt ceiling, will get tied up in the fiscal cliff debate, which is expected to take center stage in w hington, after next inek's election.el >> to tomorrow on "n.b.r." its the nation's financial capital, wrolook at the challenges and cost of getting new york city moving again.lo >> susie: all of this is happening on hallowee. that's nightly business report for wednesday, october 31, halloween, have a good and safe...
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Dec 3, 2012
12/12
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FOXNEWSW
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if we had a bipartisan, avoid the fiscal cliff and pay down the debt type of agreement it would be the best thing that could happen. the market would go up and we would be liking like our future was brighter than a lot of americans think it is today. >>neil: are you smoking anything at all? >>guest: drinking a little coffee. >>neil: quickly, senator, i know you have to go the congressional black caucus has come out with a statement saying, really, leave entitlements alone and focus on hiking taxes. that is the gist of the statement. what do you think of that? >>guest: it does not do it. hiring some people -- higher income people pay a disproportional share of the taxes. and they should. but if you bring the rates back to the rate before president bush it doesnot raise enough to get us to ball. you have to curb the increase in spending on the entitlement programs. if you don't do that, and they are the biggest driver of debt, so, the american people, i think, are ready for us to do something that looks according to conventional politics like a bad idea politically, but, actually, i thin
if we had a bipartisan, avoid the fiscal cliff and pay down the debt type of agreement it would be the best thing that could happen. the market would go up and we would be liking like our future was brighter than a lot of americans think it is today. >>neil: are you smoking anything at all? >>guest: drinking a little coffee. >>neil: quickly, senator, i know you have to go the congressional black caucus has come out with a statement saying, really, leave entitlements alone and...
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387
Nov 6, 2012
11/12
by
MSNBC
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the bush tax cuts, the fiscal cliff, the debt ceiling all these things will be on that desk waiting and the president and his administration are going to have to come clean and honest and say gentlemen, this is going to be executive leadership here. i'm the commander in chief of our military and i'm going to be the commander of chief of our economy and recovery and these are things i need out of the house and senate to get this done. i don't think we can afford to wait another four years for that to happen, so this is a real moment. >> you're not going to be able to wait until january 20th. this has to be done in a lame duck or something at least postponed, action. >> there will be action. i think there's going to be a little kicking of the can down the road in the lame-duck session as things sort of get sorted out with the leadership and i think bill would probably agree that whether it's in the center of the house, everybody is going to be scrambling to see who lines up where but once that settles they will get serious. i don't expect a lot except for the short term we've got to deal
the bush tax cuts, the fiscal cliff, the debt ceiling all these things will be on that desk waiting and the president and his administration are going to have to come clean and honest and say gentlemen, this is going to be executive leadership here. i'm the commander in chief of our military and i'm going to be the commander of chief of our economy and recovery and these are things i need out of the house and senate to get this done. i don't think we can afford to wait another four years for...
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168
Nov 2, 2012
11/12
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MSNBC
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cliff, dealing with the debt, the pressure from the business community will be overwhelming you knuckle heads get your acts together that maybe that will offset an even more deeply divided house of representatives and senate for that matter. >> although, one could argue that, you know, there was that vote, that first t.a.r.p. vote against all of the conventional wisdom of the time about the importance of the t.a.r.p. vote, and if you have fewer people who are rooted in traditional politics or traditional economics, you may not have people joining this congress -- >> that's exactly right. >> willing to make deals. >> it could be -- it could require something in the markets like immediately after the t.a.r.p. vote and the 780 something point drop in the dow to focus minds and change behavior. it shouldn't -- we shouldn't need that, but my guess is, we could have a couple days in that general direction. >> we'll be joining you in new york charlie cook for our election coverage. thanks so much. chris cizilla, thanks to you. we'll see you later. >> thank you. >> meanwhile in staten island de
cliff, dealing with the debt, the pressure from the business community will be overwhelming you knuckle heads get your acts together that maybe that will offset an even more deeply divided house of representatives and senate for that matter. >> although, one could argue that, you know, there was that vote, that first t.a.r.p. vote against all of the conventional wisdom of the time about the importance of the t.a.r.p. vote, and if you have fewer people who are rooted in traditional...
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Dec 10, 2012
12/12
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FOXNEWSW
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, and florida republican senator subrow, and connecticut independent senator, lieberman, and former debt co-chair and i could go on but i told you i take it upon myself to fix this mess as if i'm not busy enough thank you but i am looking after you and this country and if they cannot put together something, yours truly can and if i have to show up in spandex, i will. >> six weeks after losing their home they are being kicked out of their temporary one. it goes down this week. you wonder whether all of the high five's with the politicians commending fema had a clue. >> a big shout out to fema. they are a great partner. >> the president could not have appointed a better person. >> the administration, fema you have established when the call goes out the country is there to help their people. the "share t. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. get 0% apr financing for 36 months on a 2013 subaru forester
, and florida republican senator subrow, and connecticut independent senator, lieberman, and former debt co-chair and i could go on but i told you i take it upon myself to fix this mess as if i'm not busy enough thank you but i am looking after you and this country and if they cannot put together something, yours truly can and if i have to show up in spandex, i will. >> six weeks after losing their home they are being kicked out of their temporary one. it goes down this week. you wonder...
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311
Nov 3, 2012
11/12
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MSNBCW
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republicans see their leverage coming two months after the fiscal cliff we have another debt ceiling coming up. i think a lot of folks in politics are skeptical that if the republicans lose an election, the american people are open to them triggering a debt ceiling. >> i don't think there's going to be a romney presidency but if we had one, i would love to see the first meeting between him and harry reid and he says okay, let me see your tax returns. >> exactly. i would love to see that meeting, too. and you know, i would also like to see some subsequent meetings between mitt romney and even the republican controlled house, which, as you know, has its factions that john boehner tries to keep together. but essentially is he going to be able to deal effectively with the tea party types. >> thank you both for joining me tonight. >> >> coming up, ana marie cox. and the biggest lie mitt romney has told about president obama has now been exposed by mitt romney's former best friend chris christie and that is in the rewrite. >>> it took the tragedy of one deadly hurricane to convince one rep
republicans see their leverage coming two months after the fiscal cliff we have another debt ceiling coming up. i think a lot of folks in politics are skeptical that if the republicans lose an election, the american people are open to them triggering a debt ceiling. >> i don't think there's going to be a romney presidency but if we had one, i would love to see the first meeting between him and harry reid and he says okay, let me see your tax returns. >> exactly. i would love to see...
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Dec 7, 2012
12/12
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FOXNEWS
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he said he would rather go over the fiscal cliff than not to raise tax rates. so obama pushing higher taxes on the top 2%, not for economic reasons but for i'd logical reasons but there is also this obvious fact. obama wants to raise the top rates for political reasons. now that is he wants to force republicans to raise tacks in order to trigger a civil war within the gop and the conservative movement, and in that respect sadly obama is having some success. now so long as this debate is focused not on cutting spending but on raising daxs and revenues with the only question being which taxes, how much revenue, then obama wins. now if obama succeeds in making the argument not about his spending, but about grover norquist, he wins there, too. for republicans, on the other hand, if they can figure out a way to refocus the debate on spending, they win and the country wins. we can't kid ourselves that's correct is not easy to do. obama has the biggest microphone in the land and he also has the media in his hip pocket. all the gop has is control of the house. now it's
he said he would rather go over the fiscal cliff than not to raise tax rates. so obama pushing higher taxes on the top 2%, not for economic reasons but for i'd logical reasons but there is also this obvious fact. obama wants to raise the top rates for political reasons. now that is he wants to force republicans to raise tacks in order to trigger a civil war within the gop and the conservative movement, and in that respect sadly obama is having some success. now so long as this debate is focused...
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Nov 16, 2012
11/12
by
FBC
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eye 62
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that is why the fiscal cliff is concerning. look what happened to the debt ceiling debacle last summer where really our failure to navigate that very successfully really dinged consumer confidence which in turn rippled through the housing market with lower sales and lower prices. melissa: drill down on that. you say nobody will buy a house in the next few weeks until we get this resolved because we don't know what will happen to the economy and buying market will slow down or is there another reason the fiscal cliff is hurting the housing market. >> near term, six weeks or five weeks until the end of the year the market believe there is no credible plan in place there will be bad response in terms of equity markets and a number of other economic indicators. that ripples into consumer confidence. consumer confidence has been trending up since the middle part of late part of last year. and consumer confidence is really important because it's what helps employers feel better about hiring and also helped household formation rates i
that is why the fiscal cliff is concerning. look what happened to the debt ceiling debacle last summer where really our failure to navigate that very successfully really dinged consumer confidence which in turn rippled through the housing market with lower sales and lower prices. melissa: drill down on that. you say nobody will buy a house in the next few weeks until we get this resolved because we don't know what will happen to the economy and buying market will slow down or is there another...